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retailers drove the consumer discretionary sector energy industrials lead in the wake, and the rally started just minutes before house speaker made it clear that republicans are willing to deal on revenue and ready to find a resolution now >> we all know that we have had this spending crisis coming at like a eight train. it mst be dealt with. and in order to try to come to an agreement, republicans are willing to put revenue on the table, but it is time for the president and democrats to get serious about the spending problem that our country has. i am optimistic that we can continue to work together to avert this crisis sooner rather than later. lou: meanwhile, the president to a short time later claimed he is doing his part to make certain the middle class is not hit with tax increases. >> i want to reassure the american people and doing our part, sitting down with ceos, sitting down with labour leaders, talking to leaders in congress. i am ready and able and willing and excited to go ahead and did this issue resolved in a bipartisan fashion. i will go anywhere and do whatever it t
retailers drove the consumer discretionary sector energy industrials lead in the wake, and the rally started just minutes before house speaker made it clear that republicans are willing to deal on revenue and ready to find a resolution now >> we all know that we have had this spending crisis coming at like a eight train. it mst be dealt with. and in order to try to come to an agreement, republicans are willing to put revenue on the table, but it is time for the president and democrats to...
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Nov 29, 2012
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we also produce energy. every drop of oil we produce overseas keeps oil prices down in this country. >> yet, the oil companies as an industry constantly get bashed over taxes, over the profits that we see. in fact, in 2011, chevron was one of three oil companies that paid more in income taxes than any other corporation in america, which i find amazing. $17 billion in taxes. >> well, our income taxes in 2011 were about 43%. it's been in the same range over the last few years. we do pay our fair share. we pay taxes overseas. we pay taxes here. we pay other forms of tax as well. i think that story hasn't been told. the fiscal terms that are in place here for our industry, for example, if punitive taxes were imposed on our industry, would impact our investment. i hope that's not where we're headed. i think there is a case to be made that we pay our fair share of taxes, and i work hard to try to communicate that. >> talk to us about an energy policy. what would you like to see in the election is behind us. what s
we also produce energy. every drop of oil we produce overseas keeps oil prices down in this country. >> yet, the oil companies as an industry constantly get bashed over taxes, over the profits that we see. in fact, in 2011, chevron was one of three oil companies that paid more in income taxes than any other corporation in america, which i find amazing. $17 billion in taxes. >> well, our income taxes in 2011 were about 43%. it's been in the same range over the last few years. we do...
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Nov 29, 2012
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a lot of energy starts. >> nicole: we saw oil over
a lot of energy starts. >> nicole: we saw oil over
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Nov 29, 2012
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energy also taking a dip. it has been mostly higher on the session. most of those stocks did turn into the red. definitely quite a reaction in the commodity markets. a lot of them that they back off of the lows of the session. these commodity markets, dagen and connell, very close to the fiscal cliff. connell: seems like every day at this time on the financial markets, any little thing coming out of washington. dagen: thank you, sandra. much more ahead on what speaker boehner just said. connell: cheryl casone and dennis kneale will be taking over on "markets now." ♪ dennis: i am dennis kneale. cheryl: i am cheryl casone would tim geithner on capitol hill trying to sell the president's fiscal cliff plant to republican house speaker john bain and not buying it. he just said white house needs to get serious and the markets are turning lower. also had fiscal cliffs survival kit home additions that you contain right now to prepare. dennis: blamed superstorm sandy. retailers playing the blame game for week november same store sales. analysts already askin
energy also taking a dip. it has been mostly higher on the session. most of those stocks did turn into the red. definitely quite a reaction in the commodity markets. a lot of them that they back off of the lows of the session. these commodity markets, dagen and connell, very close to the fiscal cliff. connell: seems like every day at this time on the financial markets, any little thing coming out of washington. dagen: thank you, sandra. much more ahead on what speaker boehner just said....
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Nov 29, 2012
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is making giant steps towards self-sufficiency or energy independence, there are two legs of that. the first leg is increase in the oil production, and the second one is decrease in the oil consumption at home. mainly as a result of the efficiency standards, cafe standards. when we look at the future, we think about 50% of the success story is because of the oil production and 50% is decline in the oil consumption as a result of the cafe standards. >> we were talking about this quite a bit when this study first came out. every headline you saw talked about the u.s. being on top, and on top of russia and saudi arabia. but how much of this also has to do with the decline in production that you may be forecasting for those two countries, and what does that mean for the overall dploeull g supply picture and what does it mean for prices? >> saudi arabia, we still increase production. and saudi arabia we still remain the largest oil exporter of the world. u.s. will be the top producer, but u.s. will use a lot of oil at home and saudi arabia will produce less than united states but we wil
is making giant steps towards self-sufficiency or energy independence, there are two legs of that. the first leg is increase in the oil production, and the second one is decrease in the oil consumption at home. mainly as a result of the efficiency standards, cafe standards. when we look at the future, we think about 50% of the success story is because of the oil production and 50% is decline in the oil consumption as a result of the cafe standards. >> we were talking about this quite a...
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Nov 29, 2012
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as long, you have only so much energy. as long as you invest energy in the blame, which basically what we did during the campaign, you spell blame, b-lame. and anytime you wasting time, not getting on problem. either fix the problem or fix the blame. that is first thing you need to do. second thing you need to do is you need to abandon malicious motive accusations. in other words, there are republicans who are patriots and there are democrats who are patriots. and a lot of campaign was more about the other guy is a jerk. that doesn't get you anywhere. blaming, labeling, only creates more hard feelings. only creates hurt. neil: that is why, you were going to host both the candidates. >> i was. i was. neil: you said it was environment and atmosphere that prompted you to shelf it. >> i wasn't sure --. neil: that was a great opportunity missed, right? >> i wasn't sure it was going to be that important. early in the election cycle, long before they chose the republican candidate both campaigns, mitt contacted me. i talked to bo
as long, you have only so much energy. as long as you invest energy in the blame, which basically what we did during the campaign, you spell blame, b-lame. and anytime you wasting time, not getting on problem. either fix the problem or fix the blame. that is first thing you need to do. second thing you need to do is you need to abandon malicious motive accusations. in other words, there are republicans who are patriots and there are democrats who are patriots. and a lot of campaign was more...
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our wind energy industry and our energy security are depending on it. we need to extend the p.t.c. as soon as possible. it's that simple, mr. president. the p.t.c. equals jobs. let's pass it as soon as possible. mr. president, thank you. with that, i yield the floor, and i note the absence of a quorum. the presiding officer: the clerk will call the roll. quorum call: quorum call: a senator: mr. president? the presiding officer: the senator from rhode island. reed i ask -- mr. reed: i ask that the quorum call be dispensed with. the presiding officer: without objection. mr. reed: i realize this is morning business but i intend to speak with respect to the defense authorization act and request my remarks be appropriately placed within the context of that debate. the presiding officer: without objection. reed thank you. i want to -- mr. reed: i want to commend the work of my colleagues on the committee for their incredible diligence and dedication and commitment to the men and women of our armed forces. for 50 consecutive years the senate has passed the defense authorization bill, and
our wind energy industry and our energy security are depending on it. we need to extend the p.t.c. as soon as possible. it's that simple, mr. president. the p.t.c. equals jobs. let's pass it as soon as possible. mr. president, thank you. with that, i yield the floor, and i note the absence of a quorum. the presiding officer: the clerk will call the roll. quorum call: quorum call: a senator: mr. president? the presiding officer: the senator from rhode island. reed i ask -- mr. reed: i ask that...
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in my notes here that you think that companies that are not putting 80% or more of their competitive energy into this third platform may become obsolete. >> oh, yeah, there's no question. because if you think about what's happening and the cloud is probably a good example. amazon is coming in right now with amazon web services and they are going in to the markets of companies like hp and ibm and microsoft, sap oracle, 60% to 80% margins and they are coming in with a 20% margin saying we're going to come in and use cloud technology, bring prices down for customers, reach much larger volumes and really almost break the business model of these traditional players. >> who are the cutting edge companies? you mentioned oracle certainly but who are some of the cutting edge companies that you see out there right now who really have a leg up in expenditures on a high-percentage basis to the third platform? >> well, there's no question. i talked about ibm and hp and those guys as if they're just the old school. these companies are also watching major efforts to be third platform leaders. so certainly
in my notes here that you think that companies that are not putting 80% or more of their competitive energy into this third platform may become obsolete. >> oh, yeah, there's no question. because if you think about what's happening and the cloud is probably a good example. amazon is coming in right now with amazon web services and they are going in to the markets of companies like hp and ibm and microsoft, sap oracle, 60% to 80% margins and they are coming in with a 20% margin saying...
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. ♪ ♪ and if you're feeling a little slow, ♪ ♪ then 5-hour energy will help you go. ♪ ♪ so buy a bottle of pink lemonade and ♪ ♪ you can help fight breast cancer today. ♪ >> shepard: baseball writers of america set toe decide a question asked for decades. do players suspected of using performance enhancing drugs deserve to be in the hall of fame? earlier today, three players widely suspected of using steroids made it under -- on to the ballot for the first time. barry bonds, pitching great roger clemens and sammy sosa. based on numbers alone each should be a lock for coopers town. but allegations of drug use have seriously damaged their chances. and now the folks who will be voting are faced with what could be their most controversial decision since the hall of fame banished the legendary pete rose. trace gallagher has. this trace, are the baseball writers indicating how they might vote here? >> well, the one i spoke with today, shep, rosenthal from fox sports. he was very adamant about saying that he will not vote for roger clemens, barry bonds, or sammy sosa. but he even took it
. ♪ ♪ and if you're feeling a little slow, ♪ ♪ then 5-hour energy will help you go. ♪ ♪ so buy a bottle of pink lemonade and ♪ ♪ you can help fight breast cancer today. ♪ >> shepard: baseball writers of america set toe decide a question asked for decades. do players suspected of using performance enhancing drugs deserve to be in the hall of fame? earlier today, three players widely suspected of using steroids made it under -- on to the ballot for the first time. barry...
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. >>> we take you back on capitol hill where congressional leaders put much of their energy on the ongoing fiscal cliff negotiations. oklahoma representative tom cole who broke ranks with republicans by embracing president obama's plan to raise taxes on the wealthy stuck to his guns this morning. >> if we can give the american people an early christmas present, if they can listen to the debate instead of be worried that their own taxes are going to go up, i think that actually strengthens our hand. i haven't changed my mind. i'm not going to come out here and be disingenuous to people. i think it would be a step in the right direction. >> today john boehner expressed disappointment at where the negotiations stand. as our first read team points out, by siding with the white house tom cole may be helping boehner get the deal he wants. joining me now, political editor mark murray. why do you think tom cole has strengthened the speaker's position, negotiating position he goes in with? >> it has given john boehner some cover. you now have a conservativconse albeit establishment member of the ho
. >>> we take you back on capitol hill where congressional leaders put much of their energy on the ongoing fiscal cliff negotiations. oklahoma representative tom cole who broke ranks with republicans by embracing president obama's plan to raise taxes on the wealthy stuck to his guns this morning. >> if we can give the american people an early christmas present, if they can listen to the debate instead of be worried that their own taxes are going to go up, i think that actually...
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putting us in control of our energy future, now. megyn: developing this hour, we are getting new details on why former president george h.w. bush has been hospital used in houston -- hospitalized in houston. the 88-year-old is suffering from complications resulting from bronchitis. casey steegal following this live from dallas. >> reporter: yeah, megyn. according to the family spokesperson, the president was admitted to the hospital on the day after thanksgiving for this bronchitis. he's being treated at the methodist hospital which is down in houston, and the family spokesperson continues to say that he's in stable condition, his doctors expect that he will be released from the hospital within the next 72 hours. at issue here has apparently been a lingering cough. his son, former president george w. bush and his wife laura, visiting him there over the weekend. listen. >> the entire family has rallied to him both in person. neil lives here in houston, of course, mrs. bush has been vigilant in her visitation, she's been by his side c
putting us in control of our energy future, now. megyn: developing this hour, we are getting new details on why former president george h.w. bush has been hospital used in houston -- hospitalized in houston. the 88-year-old is suffering from complications resulting from bronchitis. casey steegal following this live from dallas. >> reporter: yeah, megyn. according to the family spokesperson, the president was admitted to the hospital on the day after thanksgiving for this bronchitis. he's...
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ely lily, interestingly, devon energy. there's so many lists going around. so a lot of them do come in the month of december. guess by the way, check out the shares in ges. today the stock is get a nice boost. >> you talk about all the special dividends, in the meantime, fxc trading above 7.5%. spanish bonds amazing. italian, 1.48%. we're buying italian paper. >> for a good trade, that's got to be some of the good things that are out. >> we want to talk about things that are good that we forget about because when they're bad, we talked about them every day. >> europe is such a good trading partner, at least in the past based on where brussels was going. >> we had ten straight that were good. production numbers still good there. i'm a believer in china, but, boy, that stock market has been a gonner. >> record low in china even though the data has been getting marketedly better. it's fascinating to trade there. >> i'm a believer, but every day you come in and you feel smacked on the head. >> also troublingly, same store sales were only up 1% while inventories
ely lily, interestingly, devon energy. there's so many lists going around. so a lot of them do come in the month of december. guess by the way, check out the shares in ges. today the stock is get a nice boost. >> you talk about all the special dividends, in the meantime, fxc trading above 7.5%. spanish bonds amazing. italian, 1.48%. we're buying italian paper. >> for a good trade, that's got to be some of the good things that are out. >> we want to talk about things that are...
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on senator biden, "joe was smart, young, ambitious, disorganized, and bursting with energy and enthusiasm." i david souter, he said something -- each of us have spoken at the podium about warren. he said, "david is my friend. i trust him. i respect him. i like him. he made me think, reflect, and laugh. i think all of us would say the same thing about warren today. he made us think and reflect and laugh. one final thing about his humor -- senator baker was here today. both warren and i voted for a sale. i received a great deal of hate mail because of my name. i'm half irish and half jewish. i am the only one who can be put on the israeli border and be shot from both sides. [laughter] i was getting all of the hate mail and warren was not getting any of them. i will broadcast nationwide that you are jewish and i am not. that way you will get all of the hate mail. he said, do not do that. you are much more politically secure than i am. besides, you would make a nice jewish boy. [laughter] let me conclude with what my favorite statements -- with one of my favorite statements. it sums up my fee
on senator biden, "joe was smart, young, ambitious, disorganized, and bursting with energy and enthusiasm." i david souter, he said something -- each of us have spoken at the podium about warren. he said, "david is my friend. i trust him. i respect him. i like him. he made me think, reflect, and laugh. i think all of us would say the same thing about warren today. he made us think and reflect and laugh. one final thing about his humor -- senator baker was here today. both warren...
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. >> reporter: the brothers rechanneled their perpetual energy and in july observed ramadan with a multistate cross-country teaching tour, reaching 30 mosques in 30 days. including the one that is perhaps america's most controversial, in lower manhattan, located just north of ground zero. >> it's about two blocks away and it's tucked into a little corn somewhere there's just a small, peaceful place to pray. people in the towers who were muslim. >> reporter: among the nearly 3,000 who died at ground zero 60 were muslims. their names rendered in bronze. american flight 11 passenger was seven months pregnant at the time of her death. the teaching tour during ramadan included stops at food kitchens, meetings with youth groups and emphasis on treating women with equality. >> my wife when we were in denver just became muslim. but the brothers have this 15 course meal and the sisters have one piece of pizza to share. so you know, today they were talking about taking care and taking hold of ramadan and not letting the month pass you by. how can we get to that part if we can't satisfy the basic struct
. >> reporter: the brothers rechanneled their perpetual energy and in july observed ramadan with a multistate cross-country teaching tour, reaching 30 mosques in 30 days. including the one that is perhaps america's most controversial, in lower manhattan, located just north of ground zero. >> it's about two blocks away and it's tucked into a little corn somewhere there's just a small, peaceful place to pray. people in the towers who were muslim. >> reporter: among the nearly...
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and nuclear energy. we thank them for their support. as always, we are on the record here. please no live blogging or other means of filing -- to be some time to think. there is no embargo it said c- span has agreed not to air the video of the breakfast until noon today to give those of you who actually paid to attend the breakfast time to file./ finally, if you'd like to ask a question please do the traditional thing as ms. subtle, nonthreatening signal. -- send me a subtle, nonthreatening signal. with that, thanks again from our supporters and yours. >> he always goes first. the times article was right about one thing -- thingdebt if you want to know we're really like, you can imagine sonny and cher, you can not imagine which one i am. somebody once asked me, what was it like to be president of a university? i said it is like being ceo of a cemetery. you have lots of people underneath you. i thought i would update you -- yesterday i had a meeting with a group of ceo's that we took in to meet with the w
and nuclear energy. we thank them for their support. as always, we are on the record here. please no live blogging or other means of filing -- to be some time to think. there is no embargo it said c- span has agreed not to air the video of the breakfast until noon today to give those of you who actually paid to attend the breakfast time to file./ finally, if you'd like to ask a question please do the traditional thing as ms. subtle, nonthreatening signal. -- send me a subtle, nonthreatening...
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government suspension is over the energy giant's role in the 2010 deepwater horizon oil spill. you can see bp shares this morning still adding almost 0.2%. but underperforming the market. for more, we're joined by kneel atkins atkinson. this move seems pretty extraordinary. in your view, is it unusual for the u.s. government to respond this this aggressively in this case or do they have a basis for doing so? >> i think the u.s. government will never pass up an opportunity to basically kick bp when it can because bp has become the boogeyman of the last 2 1/2 years. ever since the original explosion, i think we've all been expecting that bp would find itself in great difficulty when it came to getting further exploration contracts in the gulf of mexico and indeed elsewhere in the u.s. >> it certainly wouldn't be surprising that they have a hard time getting the contracts even if they had come out the week or the month that this happened and said you're now sus pinneded until we sort this all out. what strikes me strange is the timing. we're two plus years after this event. why no
government suspension is over the energy giant's role in the 2010 deepwater horizon oil spill. you can see bp shares this morning still adding almost 0.2%. but underperforming the market. for more, we're joined by kneel atkins atkinson. this move seems pretty extraordinary. in your view, is it unusual for the u.s. government to respond this this aggressively in this case or do they have a basis for doing so? >> i think the u.s. government will never pass up an opportunity to basically...